A bank or financial institution or business entity which keeps securities certificates or other assets and performs other financial duties for funds, individuals or corporate customers.
An entity which keeps custody of all shares, held by a client and keeps track of dividends, bonus and rights issues on behalf of the client. Portfolio managers, mutual funds and other large holders of shares typically use its services.
Financial institution or trust which holds and safeguards the assets and trades of a client. March 2005 Back List of terms Next Words from D - K Disclaimer Privacy Policy
The bank or trust that holds assets (shares, bonds, cash, and other securities) and handles payments and receipts for the fund's securities transactions.
The bank or other such institution that stores the securities of a mutual fund.
The person or institution that is in charge of property, paper, or other valuables.
An agent, bank, trust company, or other organization which holds and safeguards an individual's account assets for him.
The person appointed to manage property for a minor under the Uniform Transfers to Minor Act (or Uniform Gifts to Minors Act).
Someone who maintains assets on behalf of their owner. In the case of a minor, a custodian protects, manages and maintains assets until the individual reaches majority age, when the assets are turned over to him or her.
a bank or other financial institution that keeps custody of the stock certificates and other assets of a fund
a Canadian citizen or permanent resident designated by parents to provide care and be responsible for their minor child while s/he studies in Canada
a financial institution that holds your assets and administers financial transactions on your behalf
a financial institution which holds securities on be hal f of investors
a person who holds for safekeeping the documentary evidence of the title to property belonging to a charity (eg, share certificates, title deeds to land, etc)
SEBI mandates that a Custodian be appointed for safekeeping of a fund's securities and other assets.
A person or institution legally charged with the responsibility of safeguarding the property of another.
financial institution having custody of securities for a client
The organization (usually a bank or trust company) that holds in safekeeping the securities and other assets of a plan.
One who has possession or is in charge of something. Some entities entrust marketable investment securities to a bank, which is custodian of the company's securities.
The bank or trust company that keeps custody of stock certificates and other assets of a mutual fund. Provides safekeeping of securities but has no role in portfolio management.
A bank or other agent that safe keeps securities for clients.
An independent organization entrusted with holding investments on behalf of the owner. The custodian maintains the financial records for the investments and may perform other services for the owner as well. Derivatives Financial contracts that derive their value from an underlying asset or index, such as an interest rate or foreign currency exchange rate. For example, a derivative contract based on the S&P 500 Index of large U.S. stocks fluctuates in value with the index, but involves buying one contract rather than each stock in the index. Derivatives can be less expensive and easier to acquire than the underlying assets. They can be used to manage risk, reduce cost and enhance returns. Some common derivatives are forwards, futures, swaps and options.
A bank or other financial institution that has custody of stock certificates and other assets of a mutual fund, individual, corporation or institution. Custodians hold assets in safekeeping, collect income on securities in custody, settle transactions, invest cash overnight, handle corporate accounting and provide accounting reports.
An organisation, usually a bank, that keeps custody of securities and other assets of a mutual fund, and may perform dividend and interest collection services. Custodians normally receive a fee for their services ranging from 0.1% to 0.25% p.a. of the NAV.
A bank, trust company, or other organization which holds and safeguards an individual's, fund's, or investment company's assets for them. A special type of custodian, a trustee, administers a unit trust for the benefit of unitholders. A trustee is legally obliged to make all trust-related decisions with the trust's (as opposed to the fund manager's) interests in mind, and may be liable for damages in the event of not doing so. Ideally (and in some cases legally), a custodian is a separate entity from the manager or advisor of the assets. dollarDEX uses DBS to hold and safeguard the units of our clients' cash investments in funds. In addition, our investors' cash flows through an account operated and controlled by DBS.
An organisation that holds and safeguards the assets of other bodies such as superannuation funds.
1.Organization that k eeps custody of securities and other assets of a mutual fund. 2. Entity (Such as Raymond James) that acts as in a custodial manner for IRA's and other qualified plans.
A bank, trust company or other financial institution that holds and protects a fund's assets and provides other services, including collecting money from investors, distributing redemption proceeds, maintaining margin accounts, registering investments and exercising options.
Agencies which have custody of all the securities purchased by the mutual fund. The service can be provided only by a person who has been granted a certificate of registration to carry on the business of custodian of securities under the SEBI regulations.
An organization (usually a bank) that holds securities for another party. The custodial bank for the VantageTrust Company is Investors Bank and Trust (IBT). I-Q R-Z daily share price The value of ICMA-RC shares calculated at the close of each business day at the New York Stock Exchange (4:00 PM, ET).
An organisation which holds assets and settles transactions on those assets (eg. cash, or shares) on behalf of third parties (such as fund managers).
An institution, such as a bank, agent or trust company, that holds securities in safekeeping for an investor.
A bank or other financial institution that maintains custody of retirement plan assets held in a mutual fund.
An independent third party (usually bank or trust company) that holds securities in safekeeping as an agent for the County.
Generally a Trust Company who fulfils the role of settling trades, holding securities, monitoring investments and managing cash for the client of an Investment Counselling firm.
A bank, trust company, or other organization responsible for safeguarding financial assets.
Is the financial institution that has the legal responsibility for a customer's securities. Custodians also imply management as well as safekeeping.
An entity that holds securities of any type for investors, effects receipts and deliveries, and supplies appropriate reporting.
an organisation that safeguards and maintains assets on behalf of other people.
Person named to manage assets left to a minor under the Uniform Transfer to Minors Act. In most states, the minor receives the assets at legal age.
A bank or other financial institution that keeps custody of stock certificates and other assets on behalf of clients.
The organization (usually a bank) that keeps custody of securities and other assets of a fund.
also known as a depository, a custodian is appointed to hold assets for a third party or to ensure that they are kept safe.
The organization that holds in safekeeping the securities and other assets of a plan. Glossary of Insurance Terms (D) A-B | E-H | I-K | L-M | N-O | | Q-R | | T- Y
A person who is in charge of another person's property, typically for a minor child. Eg. A parent is a custodian for an account of a minor child.
An individual, bank or other organization which holds and safeguards assets (such as a deposit account) for a beneficiary. Frequently, custodians are named to oversee accounts designated for minor beneficiaries. Deposits in such accounts are held for the benefit of the minor according to the terms of the custodial agreement. See beneficiary, custodial account.
An agent, bank, trust company, or other organization which holds and safeguards an individual's, mutual fund's, or investment company's assets.
a bank or other financial institution that safeguards a mutual fund's investment assets.
A person who holds property or assets for a minor person pursuant to the Idaho Uniform Transfers to Minors Act or other similar acts.
The bank or trust company that maintains a retirement plan's assets, including its portfolio of securities or some record of them. Provides safekeeping of securities, but has no role in portfolio management.
An individual who has possession of, or is otherwise charged with, the responsibility for safeguarding classified information.
in regards to a superannuation fund, the custodian holds and has title to the fund assets. A custodian is usually a company.
An organisation or individual, which holds and safeguards the assets of another.
A person named to care for property left to a minor.
An adult designated to manage an UGMA/UTMA for the benefit of a minor. Although the custodian manages the account, the assets are owned by the minor. The custodian may or may not be the same person as the Donor on the account. See also UGMA/UTMA Account.
One that guards, protects or maintains; especially one entrusted with guarding and keeping property or records.
An organization, usually a bank or any other approved institutions, that hold the securities and other assets of mutual funds and other institutional investors.
An organization that holds assets (securities and cash) in safekeeping. .
A bank that holds a mutual fund's assets, settles all portfolio trades and collects most of the valuation data required to calculate a fund's net asset value (NAV). deferred annuity: An annuity providing for income payments to begin at some future date.
A body, normally a bank or financial institution, entrusted with holding stocks or investments on behalf of third parties for safekeeping.
Bank holding the ordinary shares underlying the ADRs. In the case of a UK company, BNY also acts as the custodian on behalf of BNY.
A trust company responsible for receiving contributions, holding the contributions in trust, and making distributions from an RCA.
The person or organization managing assets for minor children or adults deemed incompetent.
Bank or other financial institution that safeguards mutual fund securities and may respond to transactions only by designated fund officers.
An organization, usually a bank, that holds the securities and other assets of a mutual fund.
An organization that maintains and safeguards an individuals, mutual fund's, or investment company's assets for them.
An individual or entity that holds property until it is delivered to the rightful owner. Most states' laws make the State the "custodian" of the abandoned property.
A bank, financial institution or other entity that has the responsibility to manage or administer the custody or other safekeeping of assets for other persons or institutions.
The person or institution responsible for protecting the property of another.
A person or institution that safeguards and accounts for the property of an individual. If a security is registered to a custodian, only the custodian has the power to sell and assign the security.
A financial institutions that holds funds for client use. They are required to follow IRS compliance directives. Often an administrator and custodian are the same institution.
In our industry the custodian firm is the company that actually holds all the assets in an account. They maintain the books and records, ensuring that all credits and debits are appropriately noted. We provide trade instructions to the Custodian on behalf of our clients and in accordance with the parameters established for the account. We employ custodians In the United States and Europe.
an entity, often bank, that safekeeps and administers securities for its customers and that may provide various other services, including clearance and settlement, cash management, foreign exchange and securities lending.
An institution that holds securities for investors.
A financial institution, usually a bank or trust company, that holds a mutual fund's securities and cash in safekeeping.
A bank or institution that holds securities for safe-keeping and handles administrative arrangements such as collecting coupons and dividends.
A term used by the Uniform Transfers to Minors Act for the person named to manage property left to a child under the terms of that Act. The custodian will manage the property if the gift giver dies before the child has reached the age specified by state law -- usually 21. When the child reaches the specified age, he will receive the property and the custodian will have no further role in its management.
A person or financial institution that has charge or custody of securities or property of another. Under the Uniform Gifts to Minors Act and the Uniform Transfers to Minors Act, the custodian is the person or financial institution that operates the account as a fiduciary for the minor who is the beneficial owner.
Usually a major banking group, the custodian is appointed by the fund's trustee or depositary to safeguard the fund's assets.
A bank which holds securities on behalf of investors.
A bank, trust company, or other financial institution that keeps custody of a mutual fund's assets, particularly its portfolio of securities. Provides safekeeping of securities but has no role in portfolio management.
Someone who maintains assets for the benefit of another person, usually a child who is not old enough to be considered legally an adult. In many states, 18 is the age at which you are considered an adult, and is also known as the "age of majority." Individuals who are younger than their state's age of majority are also called "minors." When an individual is considered a minor, a custodian protects, manages and maintains assets until the individual reaches the age of majority. Then the individual becomes responsible for those assets.
Person or institution entrusted with the safekeeping of a client's securities.
A financial institution, such as a brokerage firm, or a bank that holds stock certificates and other assets on the behalf of a mutual fund, corporation or individual. An individual may also act as a custodian in the case of an account for an minor.
An organisation that holds, but doesn’t own, assets on behalf of other people.
